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Producer Price Index: Wholesale Inflation Hotter Than Expected In July
The producer price index (PPI) for final demand rose 0.9% month-over-month after a flat reading in June. Core PPI, which excludes food and energy prices, rose 0.9% month-over-month after a flat reading in June. In July, the PPI for finished goods rose 0.5% month-over-month, up from 0.4% in June.
Here's what new data from the producer price index says about where inflation is headed, according to economists.
July headline PPI reading rose 0.9% month-over-month. This was more than 4X the increase economists were expecting. The "core ...
Producer prices increased by the most in three years in July, suggesting a broad pickup in inflation was imminent. "This is a ...
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PPI Jumps in July, Underscoring Growing Costs for US Manufacturers-And Likely Future Price Hikes for Consumers
The Bureau of Labor Statistics (BLS) released its Producer Price Index (PPI) on Thursday, revealing an unexpected 0.9 percent ...
The monthly rise was the biggest since June 2022, and the annual increase the highest since February this year. Core PPI, which strips out volatile data points, rose by 3.7 percent over the year, its ...
The producer price index for July suggests companies may be feeling the sting of inflation and consumers could be next.
Bitcoin falls on hot July PPI data showing 0.9% jump. Inflation fears dim Fed rate cut hopes. Retail sales data next key risk factor.
The report issued Thursday, known as the producer-price index, is volatile, and many analysts look to it more as a gut check ...
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